5645 S Calumet Ave - Apartments FOR SALE


Chicago, IL 60637- Washington Park
$745,000 USD
773-293-5032
5645 S Calumet Ave, Chicago, IL for Sale
$745,000 USD
Apartments - FOR SALE
1/5
null | 7.54% Cap Rate

5645 S Calumet Ave
Chicago, IL 60637
Washington Park


HIGHLIGHTS

  • 2022 Roof Layer
  • Prime Washington Park Location
  • Recently Renovated Porches
  • Modern Central Boiler, Two (2) Garden Unit Furnaces
  • Six (6) 3Bd/1Ba, Two (2) Recently Renovated Garden Units

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase the sale of 5645 S. Calumet, a beautifully maintained, center-entrance eight (8) unit building located in the Washington Park neighborhood of Chicago’s South Side. The building sits on a quiet, tree-lined street just a block from Washington Park. Additionally, the building is situated just blocks from both the Garfield Subway transit ‘El” train stop and I-94, providing quick and easy access to Chicago's downtown. 5645 S. Calumet boasts a desirable unit mix that includes six (6) spacious 3b/1ba units, as well as two (2) beautifully refurbished 2b/1ba basement units. In addition to cosmetic updates, recent improvements to the building include, but are not limited to, newer lintels, an updated & code compliant porch, newer hot water heaters, and a modern central boiler and two (2) furnaces for the garden units. 5645 S. Calumet presents an investor with the opportunity to acquire a property in one of Chicago's most desirable and appreciating neighborhoods. Through additional cosmetic upgrades and bringing all units up to market rate levels, a new owner could achieve a cap rate of 10.98% and a cash return of just over 21%.

FOR SALE DETAILS

PRICE

$745,000 USD

PRICE/SF

$85 USD /SF

# OF UNITS

8

PRICE/UNIT

$93,125

CAP RATE

7.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1903

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,075 SF

ZONING

-

APN/PARCEL ID

20-15-112-010-0000

ASK ABOUT THIS PROPERTY

Aaron SklarKiser GroupMore Info
773-293-5032

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Aaron SklarKiser GroupMore Info
773-293-5032

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.